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Vadim26 [7]
2 years ago
14

Larry values attending NoName at 15000 per year. What is Larry;s economic surplus if he attends state college

Business
1 answer:
Natali5045456 [20]2 years ago
7 0

His net benefit from attending State College is $40,000 – $20,000, or $20,000. Additionally, his net benefit from attending NoName U is $15,000 minus $0, which equals $15,000. Therefore, if he enrolls in State College, his economic surplus will be at its peak.

What is Economic?

Economics is the study of how people allocate scarce resources for production, distribution, and consumption, both individually and collectively.

The two branches of economics are microeconomics and macroeconomics.

Economics focuses on efficiency in production and exchange.

Learn more about Economic with the help of given link:-

brainly.com/question/17996535

#SPJ4

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Marginal analysis simply means an examination of the additional benefits and the additional cost that can be incurred on a product.

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